SHARMINI PERIES: It’s The Real News Network. I’m Sharmini Peries, coming to you from Baltimore. I’m speaking with Michael Hudson about his new book J Is For Junk Economics: A Guide to Reality in the Age of Deception.
Thanks for joining me again, Michael.
MICHAEL HUDSON: Good to be here.
SHARMINI PERIES: So, Michael, on page 260 of your book you deal with the issue of Social Security and it’s a myth that Social Security should be pre-funded by its beneficiaries, or that progressive taxes should be abolished in favor of a flat tax. Just one tax rate for everyone you criticize. We talked about this earlier, but let’s apply what this actually means when it comes to Social Security.
– Naked Capitalism